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To: VICTORIA GATE, MD who wrote (58058)	6/15/1998 11:36:00 PM
From: Dale J.	Read Replies (1) \| Respond to of 186894

VG MD, I don't get it. What are you trying to tell me? Dale

To: VICTORIA GATE, MD who wrote (58058)	6/15/1998 11:45:00 PM
From: Dale J.	Respond to of 186894

Tokyo opens lower -- I hope this isn't the start of a cycle. Drop caused by worries that Dow's tumble may spur sell-off worldwide June 15, 1998: 8:57 p.m. ET TOKYO (Reuters) - Tokyo's key Nikkei average slipped more than 1 percent after several minutes of trade on Tuesday. The quick decline was fostered by worries that Wall Street's tumble overnight may touch off more sales in stocks across the world, brokers said. The key Nikkei 225 average was down 163 points, or 1.1 percent, at 14,662. "There are no factors that can turn around this trend," said a market analyst at a second-tier Japanese securities house. But predictions of a Nikkei tumble are tempered by expectations that if the yen can hold firm it will steady the market. "The current fall in global stock markets was triggered by the yen's slide. But the dollar has been standing below 147.00 yen since yesterday, and if it stays at this level, the Nikkei will not go down too far," said Yasuo Ueki, general manager at Nikko Securities Co. Ltd. In early morning activity, the yen was trading at around 146.43, down slightly from its close in New York at 146.10 on Monday. Following on the heels of the Dow, stocks in Australia began to tumble early Tuesday. In morning activity, the All Ordinaries index was down 51.6 points, just over 2 percent, to 2516.